HII executive granted 3.4050 restricted stock rights
Huntington Ingalls Industries reported a routine compensation-related transaction for Corp VP, Controller & CAO Nicolas G. Schuck.
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Rhea-AI Filing Summary
Huntington Ingalls Industries reported a routine compensation-related transaction for Corp VP, Controller & CAO Nicolas G. Schuck. He acquired 3.4050 Restricted Stock Rights (RSRs) as dividend equivalent rights tied to the company’s quarterly cash dividend.
Each RSR represents a contingent right to receive an equivalent number of common shares, or cash, or a combination, under the company’s 2022 Long-Term Incentive Stock Plan. Following this acquisition, Schuck holds a total of 1029.0340 RSRs directly.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Rights | 3.405 | $0.00 | $0.00 |
Footnotes (2)
- F1. Each Restricted Stock Right ("RSR") represents a contingent right to receive an equivalent number of shares of Company common stock, or, at the discretion of the Company's Compensation Committee, cash or a combination of cash and Company common stock. The RSRs were granted under the 2022 Long-Term Incentive Stock Plan ("LTISP").
- F2. The amount acquired represents dividend equivalent rights on the RSRs, which are credited following payment of the Company's quarterly cash dividend. Pursuant to the LTISP, the number of dividend equivalent rights acquired is calculated by dividing the aggregate amount of the dividend paid on the total number of RSRs held by the reporting person by the closing price of a share of Company common stock on the dividend payment date.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did HII executive Nicolas Schuck report on this Form 4?
How many Restricted Stock Rights does HII’s Nicolas Schuck hold after the latest grant?
What does each Restricted Stock Right represent for HII executive Nicolas Schuck?
Why did HII grant 3.4050 additional Restricted Stock Rights to Nicolas Schuck?
Is the HII Form 4 for Nicolas Schuck an open-market stock purchase or sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.